My high of day break has failed me all day. Need a different buy signal, or add filters. No major mistakes today, but a handful of paper cuts leaves me with no wins and a loss of $45. Sure hope I'm learning something.
Stock paused for a bit, seemed ready for next leg up. In fact, it went down.
Dang, used a market order and got a horrible exit, I need to engrain the habit of using limit orders again. Not a bad bounce, ended up bouncing up to the mid .55's. I need to use limit orders unless it is a panic free fall, but my exits should be near key targets and at least close to 10%. Mkt should rally here soon, will most likely only trade once or twice a day on THIS setup to get my footing first no matter what before I trade any other setup....
1857TH TRADE
Bought as a dip buy during premarket trading. Moved sideways for a while and volume dropped off. I found couple support levels that held so I hung on to see what would happen around 6 this morning. My thinking was the stock could have some good upward movement if it gets above $1.20 It finally broke out above $1.20 and took off. Took my profits when It started to stall and pull back around $1.28. Price continued into the $1.30 range. Glad I took profits, and trying my best not to get greedy.
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